Bezos and White House trade jibes over inflation — Analysis
Amazon founder has been angered by Joe Biden’s demand for corporations to pay more tax
Amazon founder Jeff Bezos has blamed the Biden administration for trying to mislead the US public on inflation, arguing that increasing taxes on corporations and the wealthy won’t reduce consumer costs.
Over the weekend, the war of words began when Joe Biden posted that he was making sure that “the wealthiest corporations pay their fair share”That was the only way to end America’s spiraling inflation, at 8.3% in April. This level has not been seen in over 40 years.
Bezos suggested on Saturday that the president’s tweet should have been reviewed by the Disinformation Governance Board, which was recently created by the US government.
“Raising corp taxes is fine to discuss. Talking about inflation control is crucial. Mushing them together is just misdirection,”He wrote.
The Disinformation Board, which was just formed, should examine this tweet. Discussing raising corporation taxes is fine. Talking about inflation control is crucial. It is a misdirection to try and mix them up. https://t.co/ye4XiNNc2v
— Jeff Bezos (@JeffBezos) May 14, 2022
Later on, the entrepreneur believed that inflation had been caused by White House stimulus policies. Money was injected into the economy. “into an already over-heated, inflationary economy.”In order to assist the nation in recovering from the Covid-19 epidemic, the Biden Administration approved the $1.9 trillion American Rescue Plan.
Andrew Bates (White House spokesperson) responded to Bezos on Monday with a statement. “it doesn’t require a huge leap to figure out why one of the wealthiest individuals on Earth opposes an economic agenda for the middle class that cuts some of the biggest costs families face, fights inflation for the long haul, and adds to the historic deficit reduction the president is achieving by asking the richest taxpayers and corporations to pay their fair share.”
Bates stated that the same was true for Bates. “unsurprising that this tweet comes after the President met with labor organizers, including Amazon employees.”
Amazon employees recently unified despite resistance from the company and Biden who called himself the “The” Biden. “most pro-union president”Ever been supportive of these actions.
On Tuesday, Bezos reacted to the White House and rejected the Bates statements.
“They understandably want to muddy the topic. They are well aware that inflation is a problem for the poorest. But unions aren’t causing inflation and neither are wealthy people,”He wrote.
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